There are 3 skills required to become wealthy.
And very few excel in all of them.
There are:
- 50 year olds who are millionaires from working an average 9-5. They were just very diligent with keeping their money.
- 40 year olds who know how to grow their money, but can’t do business.
- And 20 year olds who know how to grow their income, but keep blowing it.
As well as all kinds of combinations in between.
Let’s look at how we can maximize these skills and avoid the traps to become “the total package”™.
1. Making Money
This is the very first skill.
Literally anyone can do this.
(By providing a solution to the marketplace).
You can become a millionaire by working an average 9-5 and investing diligently for 40+ years.
The only downside?
It takes too long.
You see, wealth is primarily measured in speed, not money.
Someone who makes $1M a year is 40x richer than someone who took 40 years to do it.
The whole point of “becoming wealthy” is being young enough to enjoy it.
This is why it’s important to learn higher leverage skills + positioning so you can get paid more in less time.
From there, all you have to do is not blow it all and learn how to manage it.
2. Keeping Money
It’s not JUST about how much you can make. It’s about how much you can keep and how much you can grow.
Anyone can make money, but few can keep it.
You see this all the time with lotto winners who come up on millions but then are broke again in a year.
Sure they might have millions, but they aren’t MILLIONAIRES (mentally)….
You dig what I’m sayin?
Once you know how to make strong cash flow, you need a framework to keep it.
You do this by managing your emotions and evolving your self-image.
You must also master:
- asset protection
- taxes
- and law
3. Growing Money
Now that you know how to make money and keep it, it’s time to keep growing your portfolio.
How?
A: By understanding the principles of managing risk.
As you know, if you’re sitting on money without putting it to work, it’s getting burned by inflation.
(Losing value).
You put it to work by converting it into better instruments.
- Gold
- Crypto
- Digital assets
- Stocks and bonds
- Real estate (Private REITs)
This kind of diversification is how you eliminate catastrophic losses.
Conclusion
You need all 3 of these skills to become wealthy and win the long game.
- Making money
- Keeping money
- Growing money
If you’re good at 1 of them, you might avoid total failure, but you’ll never reach the promised land.
You May Also Like:
My name is Mister Infinite. I've written 300+ articles for people who want more out of life. Within this website you will find the motivation and action steps to live a better lifestyle.
